Supreme Court of Alabama June 15, 1846 (Jones v. Kirksey)

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United States · · · 15-06-1846

COLLIER, C. J.

By the act of 1834, it is enacted, that on all contracts on which a higher rate of interest than eight per cent, shall be reserved, the principal alone shall be recovered, and the same shall be void as to the interest. [Clay’s Dig. 591, § 9.

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